21: Hammond infrastructure pledges
Chancellor Philip Hammond used the word ‘infrastructure’ 21 times in the Autumn Statement as the Government looks at ways to underpin economic growth and improve productivity.
Investors have already cottoned on to the idea that infrastructure should be a decent growth area in the years ahead: specialist infrastructure investment trusts trade at a 14% premium to net asset value.
‘Never has the word infrastructure been used so frequently as the Chancellor decides that infrastructure spending will be the tool to boost productivity,’ says Amber Infrastructure chief executive Giles Frost.
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